Registered number
06976043
Dry Logic Ltd
Abbreviated Accounts
31 July 2016
DOWSETT MOORE
Chartered Accountants
HINCKLEY
Leicestershire
Dry Logic Ltd
Registered number: 06976043
Abbreviated Balance Sheet
as at 31 July 2016
Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,873 8,191
Current assets
Stocks 1,000 1,000
Cash at bank and in hand 3,183 3,069
4,183 4,069
Creditors: amounts falling due within one year (4,083) (13,938)
Net current assets/(liabilities) 100 (9,869)
Net assets/(liabilities) 6,973 (1,678)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 6,873 (1,778)
Shareholder's funds 6,973 (1,678)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
P L Jamieson
Director
Approved by the board on 29 April 2017
Dry Logic Ltd
Notes to the Abbreviated Accounts
for the year ended 31 July 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and equipment 20% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Tangible fixed assets £
Cost
At 1 August 2015 12,025
Additions 400
At 31 July 2016 12,425
Depreciation
At 1 August 2015 3,834
Charge for the year 1,718
At 31 July 2016 5,552
Net book value
At 31 July 2016 6,873
At 31 July 2015 8,191
3 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
Dry Logic Ltd 06976043 false true 2015-08-01 2016-07-31 2016-07-31 P L Jamieson 06976043 uk-bus:OrdinaryShareClass1 2015-07-31 06976043 2015-08-01 2016-07-31 06976043 uk-bus:Director40 2015-08-01 2016-07-31 06976043 uk-gaap:PlantMachinery 2015-08-01 2016-07-31 06976043 uk-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 06976043 2016-07-31 06976043 uk-bus:OrdinaryShareClass1 2016-07-31 06976043 2015-07-31 iso4217:GBP xbrli:shares

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